MANAGEMENT

Detailed explanation-1: -Errors and omissions coverage are as follows: Negligent Action: If your employee’s negligent action caused any harm to the customer then this insurance plan will provide cover for it.

Detailed explanation-2: -E&O insurance is a kind of specialized liability protection against losses not covered by traditional liability insurance. It protects you and your business from claims if a client sues for negligent acts, errors or omissions committed during business activities that result in a financial loss.

Detailed explanation-3: -Liability insurance is a policy that offers protection to businesses and individuals from risk that they may be held legally or sued for negligence, malpractice or injury. This insurance policy protects the insured from legal payouts and costs for which the policyholder is deemed to be responsible.

Detailed explanation-4: -What Is an Errors and Omissions Claim? Errors and omissions insurance is also known as professional liability insurance and E&O insurance. This policy can help protect you from lawsuits claiming you’ve made a mistake in your professional services.

Detailed explanation-5: -Errors and Omissions insurance (E&O) provides coverage for mistakes, oversights, misinterpretations or other inaccuracies made by a professional. E&O insurance protects you against costly disputes arising from: Allegations you failed to deliver agreed-upon services.